GameStop Issues $950M in Debt to Fund Acquisition

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Grapevine, Texas, GameStop Corp. said that it plans to issue $950 million in senior notes and senior floating notes to partially finance its purchase of Electronics Boutique Holdings Corp. GameStop is buying Electronics Boutique for about $1.44 billion in cash and stock. The deal, which is expected to close late this month, would give the combined company more than 3,200 stores domestically and 600 international locations.